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CT adult-use cannabis sales exceed $55M in six months

Adult-use cannabis sales in Connecticut have exceeded $55.9 million through six months, according to new data from the state, and the numbers have seen a steady climb since the recreational marijuana market launched Jan. 10.

The state Department of Consumer Protection announced this week that the adult-use market recorded about $12.5 million in sales during the month of June, while the medical marijuana market recorded $11.3 million in sales during the same period. This represents a month-to-month increase in both markets from May, and stopped a two-month slide in medical marijuana sales that began in March.

Cannabis sales in Connecticut through June 2023. CONNECTICUT DEPARTMENT OF CONSUMER PROTECTION

In June, adult-use cannabis customers purchased 313,510 products at an average price of $40, while medical patients bought 303,293 products at an average price of $37.43.

In the first half-year since the recreational marijuana market launched in the state, 53% of sales were for flower, 25% for vapes and 10% were for edibles.

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The DCP has been collecting data through its seed-to-sale tracking system BioTrack, which launched along with the adult-use cannabis market.

Taxes

According to the state Department of Revenue Services, Connecticut has collected more than $4.6 million through the state cannabis tax from Jan. 10 through the end of May. Tax collection data for June won’t be available until the end of July.

Per the data, tax collection numbers have increased monthly since adult-use sales began in January.

Each adult-use cannabis purchase carries a 6.35% state sales tax, a 3% municipal tax, and between 10% to 15% of additional state cannabis tax based on THC content.

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